Change Capital Partners has sold a majority stake in French fashion brand Paule Ka to businessman Xavier Marie, and the brand will be parting ways with its chief executive officer and creative director, WWD has learned.
Marie, founder and former ceo of furniture and home decor company Maisons du Monde, has acquired an 80 percent stake in Paule Ka, with Change Capital retaining the remaining 20 percent, a spokeswoman for the label said on Wednesday.The private equity firm in 2011 bought a 70 percent stake in the label, subsequently upping its participation to 100 percent in 2015. Marie sold Maisons du Monde to Apax Partners and LBO France in 2008. It was subsequently bought by Bain Cap.
Paule Ka Spring Summer 2017
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from CPP-LUXURY http://www.cpp-luxury.com/maisons-du-monde-founder-acquires-paul-ka/?utm_source=rss&utm_medium=rss&utm_campaign=maisons-du-monde-founder-acquires-paul-ka
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